Wednesday, September 26, 2018

The Rio Tinto-BHP Billiton joint venture, Richards Bay Minerals, plans to build a large plant with operations expected to start in 2016

Central Rand Gold is seeking to restore its credibility in the market as it prepares shareholders for a future fundraising, saying it is working on the details of a credible long-term strategy.

DRDGold completed a highly satisfactory financial year paying shareholders a 10 cents per share dividend and may now consider a share buy-back.

Gold output during the first quarter of this year has fallen 9.3% compared to the fourth quarter of 2010, says the Chamber of Mines.

The volatile iron ore market notwithstanding, Anglo American expects its Minas Rio iron ore mine to be highly cash generative.

Shares in International Ferro Metals have been beaten up over the last two years, but the firm believes it has the basis to support "a turnaround story".

Glencore is pursuing joint ventures with Cyril Ramaphosa across the mining sector - with an emphasis on bolt-on deals, says industry sources and analysts.

Evraz is to sell a 34% stake in Evraz Highveld Steel & Vanadium for R289m to a company led by Barend Petersen, chairman of De Beers Consolidated Mines.

Despite the constant potential for violent friction, there are hopes yet that wage talks in South Africa's mining industry will be tempered by an economic realism.

SOUTH African banking sources have said Eskom's decision not to invest in new coal expansions has made it more difficult to fund energy security. "We...